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Contactless payments are an easy way to speed up the payment process for merchants and consumers. Cardholders simply tap or hold their card in front of the specialized card reader. The need for receipt signatures are eliminated. Contactless cards have a built-in radio frequency (RFID) chip that contains card information similar to the information in a magnetic stripe. With contactless technology:
Over 46,000 merchant locations currently accept contactless payment cards:
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Capital Payments, LLC is a registered ISO/MSP for Merrick Bank
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